3, THE OLD NURSERIES, RAVENSTONE, COALVILLE, LE67 2LA - £250,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 THE OLD NURSERIES is a very small extended detached house of 79m², built sometime between 1996 and 2002, which could now be worth an estimated £272,683. It was last sold for £250,000 in May 2023, which was around 31% below the average May 2023 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

3 THE OLD NURSERIES Sold Prices

Land registry data shows four sales for 3 THE OLD NURSERIES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North West Leicestershire local authority area for the corresponding sale date. All of the four 3 THE OLD NURSERIES sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 11 MAY	£250,000	£364,338	31% below HPI
2007 11 OCT	£163,000	£241,103	32% below HPI
2000 29 SEP	£78,500	£109,752	28% below HPI
1995 23 NOV	£66,995	£76,002	12% below HPI

3 THE OLD NURSERIES Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The four 3 THE OLD NURSERIES sales between November 1995 and May 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2007 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2023 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 3 THE OLD NURSERIES be worth now?

3 THE OLD NURSERIES might now be worth an estimated £272,683.

This is based on house price inflation of 9.1%, between May 2023 and February 2025, for detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.1% inflationary increase is applied to the most recent sale price for 3 THE OLD NURSERIES of £250,000 on 11th May 2023. For the value to have increased from £250,000 to £272,683 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of 3 THE OLD NURSERIES has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The May 2023 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE OLD NURSERIES has not materially changed since May 2023.

How Large is 3 THE OLD NURSERIES?

3 THE OLD NURSERIES is 79m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% of detached houses houses in Ravenstone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ravenstone, and where 3 THE OLD NURSERIES lies on this distribution: 5% of detached houses houses are smaller than 3 THE OLD NURSERIES, and 94% of houses are larger. Note that EPC data is not available for all properties in Ravenstone.

3 THE OLD NURSERIES: Plot and Title Map

3 THE OLD NURSERIES sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 3 THE OLD NURSERIES, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 3 THE OLD NURSERIES). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 3 THE OLD NURSERIES?

3 THE OLD NURSERIES is located in RAVENSTONE, in the LE67 postcode district. The below map shows the position of No. 3 on THE OLD NURSERIES.